Today At A Glance:

Stocks rallied as falling Treasury yields and growing odds of a December Fed rate cut lifted risk appetite. The Dow jumped more than 650 points, while the S&P 500 climbed close to 1% and the Nasdaq advanced despite weakness in a few AI chip leaders. Retailers stole the show: Kohl’s and Abercrombie & Fitch soared after hiking guidance, and Best Buy gained on solid results. On the flip side, Nvidia and AMD slipped on fresh competition chatter even as broader breadth improved. By the close, all three major indexes finished higher, with small-caps notably outperforming.

Today’s Index Performance:

• Dow Jones Industrial Average — The Dow opened today at 46,482.36 and closed today at 47,112.45, with the percentage change of +1.36% (open to close).
• S&P 500 — The S&P 500 opened today at 6,697.73 and closed today at 6,764.73, with the percentage change of +1.00% (open to close). n
• Nasdaq Composite — The Nasdaq opened today at 22,802.85 and closed today at 23,025.59, with the percentage change of +0.98% (open to close).

Gainers Of Note:

• Kohl’s (NYSE: KSS) — Department-store retailer; surged after raising its annual outlook and signaling better-than-feared sales trends.
• Abercrombie & Fitch (NYSE: ANF) — Apparel retailer; spiked on a strong earnings beat and guidance hike that highlighted resilient demand.
• Best Buy (NYSE: BBY) — Electronics retailer; rose on results and commentary that pointed to stabilizing consumer electronics demand.

Losers Of Note:

• Nvidia (NASDAQ: NVDA) — AI GPUs & platforms; fell on reports that Meta may tap Google’s TPUs, stoking competition worries.
• Advanced Micro Devices (NASDAQ: AMD) — Semiconductors; declined in sympathy with chip peers amid the same AI-hardware competitive narrative.
• Burlington Stores (NYSE: BURL) — Off-price retail; slid after quarterly revenue missed expectations.

Active Traders Of Note:

• Alphabet (NASDAQ: GOOGL) — Search, cloud & AI; actively traded and higher on reports Meta could use and rent Google’s AI chips via Google Cloud.
• Opendoor Technologies (NASDAQ: OPEN) — Online home-selling platform; high volume as it appeared on most-active screens during the risk-on session.
• Plug Power (NASDAQ: PLUG) — Hydrogen/fuel-cell systems; heavy turnover as speculative growth names drew interest on improved rate-cut odds.

Looking Forward:

If rate-cut expectations remain elevated and yields stay contained, the recent rotation into cyclicals and smaller caps could extend into the next session. Watch for follow-through in retail and a possible reassessment of AI chip leaders as the Google-Meta chip chatter evolves. With breadth improving, stock-specific catalysts (late-season earnings, guidance tweaks, and M&A rumors) are likely to keep dispersion high tomorrow.

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